Twelve Korean tourism organizations issue joint statement against proposed casino industry reform
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3 Articles
“Financial institutions are growing concerned ahead of loans maturing next year. As investment sentiment deteriorates, the risk of bankruptcy is even being discussed.” Kwon Soon-ki, Director of Lotte Tourism Development, made these remarks on the 4th at the ‘Policy Roundtable on Legal and Institutional Improvements for the Casino Industry for the Development of the Tourism Industry,’ held at the Korea Press Center in Jung-gu, Seoul. Hosted by th…
Twelve Korean tourism organizations issue joint statement against proposed casino industry reform
A group of 12 tourism-linked organizations have issued a joint statement requesting that South Korea’s Ministry of Culture, Sports and Tourism withdraw a casino industry reform plan currently under review that could increase casino operators’ maximum levy by 50%. According to the Seoul Economic Daily, the 12 organizations include the Korea Casino Association, the Korea Tourism Association, the Korea Hotel Association and the Korea Association o…
South Korean tourism groups oppose casino license renewal, levy plans
South Korean casino and tourism bodies opposed plans for five-year license renewals and a maximum tourism fund rate of 15%. The post South Korean tourism groups oppose casino license renewal, levy plans first appeared on Asia Gaming News | AGB - Asia Gaming Brief.
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